| Comment Number: | 522418-11867 |
| Received: | 7/17/2006 4:11:19 PM |
| Organization: | |
| Commenter: | Baker |
| State: | IL |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Hi. I am a 23 year old college graduate and have been an independent business owner for a little over a year. When I first got started, I can honestly say that I had enough information presented to me to make an informed decision whether or not to become a part of this business team. This business has been a blessing in my life. Besides being an extra way to create income, the lifestyle that building this business provides has helped build my character and integrity. From the association of positive, enthusiastic business owners to the personal growth and advancement displayed in my personal affairs, every aspect of this business has enriched my life. I approach potential prospects with generally the same information that was presented to me initially upon getting started in this business. It is made clear to ALL prospects who see this business plan that this is not a get rich quick scheme. Our prospects and IBO's already in business are told that to make a six figure income it will generally take two to five years, depending on an individuals' work ethic. I personally do not see a benefit of a mandatory seven day waiting period for a prospect to get started in a business of his/her own. Here is how it is now, upon seeing the business plan, if a prospect would like to get started then by all means that person should go ahead and get started. However if a prospect is still hesitant and perhaps would like to come to another meeting to see the plan for a second time or to meet more IBO's on the team then they are certainly entitled to do so. If a prospect gets registered and then decides that he/she does not want to be in business then they are entitled to their money back. There is no pressure on getting someone to get started; a prospect may see the plan three times and decide not to do it and that is perfectly acceptable. My role is just to share this opportunity with others; however upon sharing this opportunity with prospects, if some feel they want to get started right away then they should not have to wait seven days. I feel that there is no need to provide references of other IBO's because that just creates an outlet for a prospect to pick and choose who his/her sponsor will be and in some ways it violates the other IBO's privacy. A part of presenting the plan to prospects is getting them around the business team; that is done at usually a minimum of twice a week. Here is where prospects can interact and associate with the team and if an IBO would like to exchange personal information (phone #'s and addresses) on their own that is acceptable, but I do not feel that it should be required. As far as discussing income, we share with prospects what the average IBO income is; however we stress and make clear that income is based on the prospects effort to create volume through his or her own business. I make sure that each prospect understands that he/she can make a lot of money or virtually nothing in this business; your income will reflect your own individual effort to create volume. Implementing a requirement for specific earning disclosures is inappropriate. IBO's and prospects have the opportunity to meet those who have succeeded in the business on a weekly basis and at major functions, so it is not as if there is no proof given to prospects that people have in fact made high achievements in this business and that there really is no limit on income potential. I do not disclose to prospects the income I have personally made he/she asks. I think it would be an unnecessary requirement to substantiate my Quixtar income to prospects because again, how they succeed financially, if they decide to take advantage of this opportunity, is through their own individual ability to create volume through their own business. When I sit down with a prospect, I honestly try to make sure all of his/her questions are answered. I strongly feel that any kind of personal information should never become a requirement. Thank you K Baker